Ecuador to Quadruple Annual Tourism Budget
The government of Ecuador is aiming to quadruple the country’s annual tourism budget from $40 million to $150 million, Minister of Tourism Vinicio Alvarado said last week during TravelMart Latin America, the leading regional tourism industry conference which was hosted in Quito.
The Ministry of Tourism has requested the budget increase in order to implement the policies needed for Ecuador to solidify its position as a regional tourism power. The additional funding will include new resources for infrastructure developments such as roads, ports, and airports, which will exceed direct tourism investment.
Minister Alvarado also announced that Ecuador would receive an estimated 1.36 million tourists by the end of 2013. Growth in the number of tourists visiting Ecuador has increased 7 to 8 percent on average in recent years.
The Ministry of Tourism has identified the United States, Colombia, and Peru as priority regional markets for tourism development. It will also continue to explore the growth potential of additional markets, including Canada, Argentina, Brazil, China, and Europe.
Source: Ministry of Tourism for Ecuador